Sumedha Fiscal Services Ltd

Sumedha Fiscal Services Ltd

₹ 54.6 -1.03%
04 Oct - close price
About

Incorporated in 1989, Sumedha Fiscal Services Ltd is engaged in investment banking and other corporate services.

Key Points

Business Overview:[1]
Company is registered as a Category 1 Merchant Banker with SEBI and is present in Kolkata, Bangalore, Guwahati, Mumbai, Jaipur, Chennai, Ahmedabad, Delhi and Hyderabad.

  • Market Cap 43.6 Cr.
  • Current Price 54.6
  • High / Low 66.0 / 37.6
  • Stock P/E 5.78
  • Book Value 71.9
  • Dividend Yield 1.83 %
  • ROCE 15.6 %
  • ROE 13.0 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.76 times its book value
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 29.6%
  • Company's working capital requirements have reduced from 105 days to 78.6 days

Cons

  • Company has a low return on equity of 7.53% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
11.15 15.30 14.66 15.57 9.99 18.33 22.30 10.06 16.96 25.59 20.20 32.98 34.13
8.84 13.52 14.57 14.56 11.01 15.85 19.81 11.77 14.35 22.59 18.78 31.16 31.35
Operating Profit 2.31 1.78 0.09 1.01 -1.02 2.48 2.49 -1.71 2.61 3.00 1.42 1.82 2.78
OPM % 20.72% 11.63% 0.61% 6.49% -10.21% 13.53% 11.17% -17.00% 15.39% 11.72% 7.03% 5.52% 8.15%
0.00 0.05 0.01 0.00 0.00 0.03 0.01 0.91 0.03 0.00 0.78 0.09 0.02
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.13 0.13 0.14 0.14 0.16 0.16 0.16 0.17 0.19 0.19 0.19 0.18 0.21
Profit before tax 2.18 1.70 -0.04 0.87 -1.18 2.35 2.33 -0.97 2.45 2.81 2.01 1.73 2.59
Tax % 17.43% 45.29% 1,000.00% 56.32% -18.64% 15.74% 16.31% -12.37% 13.88% 29.89% 20.90% -3.47% 23.17%
1.76 0.98 -0.01 0.33 -0.73 2.02 1.09 -0.85 2.11 2.16 1.60 1.79 1.99
EPS in Rs 2.20 1.23 -0.01 0.41 -0.91 2.53 1.37 -1.06 2.64 2.71 2.00 2.24 2.49
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
13 14 18 12 16 22 19 18 20 57 61 96 113
10 9 14 10 11 17 12 21 10 51 58 87 104
Operating Profit 3 5 4 2 5 5 6 -3 10 5 2 9 9
OPM % 21% 38% 24% 17% 30% 23% 33% -17% 52% 9% 4% 9% 8%
0 0 0 0 1 0 0 1 0 0 0 1 1
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 1 0 0 0 1 1 1 1 1 1 1
Profit before tax 2 5 4 2 5 5 6 -3 10 5 2 9 9
Tax % 33% 29% 30% 37% 31% 20% 24% -10% 13% 40% 21% 17%
2 3 3 1 4 4 4 -3 9 3 2 8 8
EPS in Rs 2.13 4.35 3.22 1.50 4.51 4.57 5.64 -3.58 10.85 3.83 1.92 9.58 9.44
Dividend Payout % 23% 18% 25% 33% 22% 22% 18% -17% 9% 26% 52% 10%
Compounded Sales Growth
10 Years: 21%
5 Years: 39%
3 Years: 69%
TTM: 67%
Compounded Profit Growth
10 Years: 7%
5 Years: 9%
3 Years: -7%
TTM: 73%
Stock Price CAGR
10 Years: 11%
5 Years: 28%
3 Years: 22%
1 Year: 44%
Return on Equity
10 Years: 8%
5 Years: 7%
3 Years: 8%
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 8 8 8 8 8 8 8 8 8 8 8 8
Reserves 19 22 24 24 28 31 34 30 39 42 43 49
0 0 0 0 0 0 0 0 0 0 0 0
3 4 3 3 3 3 2 3 1 2 2 2
Total Liabilities 30 34 35 36 40 42 45 41 48 52 53 60
9 9 9 8 8 10 9 11 13 14 15 14
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 5 5 6 6 7 9 9 9 10 11 14 18
16 20 21 22 24 23 26 21 25 27 24 28
Total Assets 30 34 35 36 40 42 45 41 48 52 53 60

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-0 0 4 -2 4 4 3 -4 2 4 1 3
1 -0 -0 1 -1 -3 3 -3 -4 -2 -1 -2
-1 -0 -1 0 -1 -1 -1 -1 -1 -1 -1 -1
Net Cash Flow -0 -0 2 -0 2 -0 5 -7 -2 1 -1 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 71 141 74 186 113 87 77 98 88 15 13 9
Inventory Days 270 286 599 730 221 692 160 1,020 105 107 67
Days Payable 43 11 118 94 45 0 0 0 0 0 0
Cash Conversion Cycle 298 141 349 667 748 263 769 258 1,108 119 120 76
Working Capital Days 106 167 131 260 183 165 244 291 368 123 114 79
ROCE % 9% 17% 12% 5% 15% 12% 15% -8% 23% 10% 4% 16%

Shareholding Pattern

Numbers in percentages

2 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
49.57% 49.57% 49.57% 49.57% 49.56% 49.56% 49.56% 49.56% 49.56% 49.56% 49.56% 49.56%
0.09% 0.09% 0.09% 0.09% 0.09% 0.09% 0.09% 0.09% 0.09% 0.09% 0.09% 0.09%
50.34% 50.34% 50.34% 50.34% 50.34% 50.34% 50.35% 50.35% 50.34% 50.35% 50.35% 50.35%
No. of Shareholders 3,2523,7963,5133,1622,96011,1059,3908,7219,2449,2138,9748,773

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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